# Texas SB 1963: Relating to a financing mechanism allowing electric utilities to obtain recovery of costs associated with a weather-related event or other natural disaster; granting authority to issue bonds.

Texas SB 1963, Relating to a financing mechanism allowing electric utilities to obtain recovery of costs associated with a weather-related event or other natural disaster; granting authority to issue bonds., is a 89th Legislature Regular Session Senate bill sponsored by Brandon Creighton (Republican), Will Metcalf; status signed, last action 2025-05-19 (Effective on 9/1/25) (as of 2026-10-19).

- Canonical: https://policyrisk.com/state-bill/TX-SB1963-89R
- As of: 2026-10-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Texas SB 1963
- State: Texas
- Session: 89th Legislature Regular Session
- Title: Relating to a financing mechanism allowing electric utilities to obtain recovery of costs associated with a weather-related event or other natural disaster; granting authority to issue bonds.
- Status: signed
- Chamber: Senate
- Introduced: 2025-03-05
- Last action: 2025-05-19, Effective on 9/1/25
- Sponsors: Brandon Creighton (Republican), Will Metcalf
- Cosponsors: 0
- Subjects: Disaster Preparedness & Relief, Utilities--Electric, BONDS, PUBLIC UTILITY COMMISSION
- Touches household money: no
- Roll calls: 8 (347 yes, 62 no in all)
- Economic provisions PRIA read: 1

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Utilities gain disaster bonds with bill charges: mixed, low. Texas expands bond financing for electric utilities’ storm and natural-disaster repairs, including utilities on the ERCOT power grid. Utilities can apply when estimated and actual restoration costs total at least $50 million in a calendar year. A separate issuer issues the bonds, and approved costs…

## Sponsors and cosponsors

- Sponsor: Brandon Creighton (Republican), Senate
- Sponsor: Will Metcalf, House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-05-02 | House | Record vote | pass | 99 | 24 |   |
| 2025-05-01 | House | Record vote | pass | 117 | 20 |   |
| 2025-04-23 | Senate | Record vote | pass | 27 | 4 |   |
| 2025-04-23 | Senate | Record vote | pass | 27 | 4 |   |
| 2025-04-23 | Senate | Record vote | pass | 27 | 4 |   |
| 2025-04-23 | Senate | Record vote | pass | 27 | 4 |   |
|   | House | Committee vote: State Affairs | pass | 14 | 1 |   |
|   | Senate | Committee vote: Business & Commerce | pass | 9 | 1 |   |

## Actions (47)

- 2025-05-19: Effective on 9/1/25 (House)
- 2025-05-19: Signed by the Governor (House)
- 2025-05-07: Sent to the Governor (House)
- 2025-05-07: Signed in the House (House)
- 2025-05-07: Signed in the Senate (Senate)
- 2025-05-05: Reported enrolled (Senate)
- 2025-05-05: House passage reported (Senate)
- 2025-05-02: Statement(s) of vote recorded in Journal (House)
- 2025-05-02: Record vote (RV#1352) (House)
- 2025-05-02: Passed (House)
- 2025-05-02: Read 3rd time (House)
- 2025-05-01: Committee report sent to Calendars (House)
- 2025-05-01: Statement(s) of vote recorded in Journal (House)
- 2025-05-01: Record vote (RV#1224) (House)
- 2025-05-01: Passed to 3rd reading (House)
- 2025-05-01: Read 2nd time (House)
- 2025-05-01: Laid out in lieu of companion (HB 2869) (House)
- 2025-05-01: Committee report distributed (House)
- 2025-05-01: Comte report filed with Committee Coordinator (House)
- 2025-04-30: Reported favorably w/o amendment(s) (House)
- 2025-04-30: Considered in public hearing (House)
- 2025-04-28: Referred to State Affairs (House)
- 2025-04-28: Read first time (House)
- 2025-04-24: Received from the Senate (House)
- 2025-04-23: Reported engrossed (Senate)
- 2025-04-23: Record vote (Senate)
- 2025-04-23: Passed (Senate)
- 2025-04-23: Read 3rd time (Senate)
- 2025-04-23: Record vote (Senate)
- 2025-04-23: Three day rule suspended (Senate)
- 2025-04-23: Record vote (Senate)
- 2025-04-23: Read 2nd time & passed to engrossment (Senate)
- 2025-04-23: Record vote (Senate)
- 2025-04-23: Rules suspended-Regular order of business (Senate)
- 2025-04-22: Placed on intent calendar (Senate)
- 2025-04-09: Committee report printed and distributed (Senate)
- 2025-04-09: Reported favorably w/o amendments (Senate)
- 2025-04-08: Vote taken in committee (Senate)
- 2025-04-08: Considered in public hearing (Senate)
- 2025-04-03: Left pending in committee (Senate)
- 2025-04-03: Testimony taken in committee (Senate)
- 2025-04-03: Considered in public hearing (Senate)
- 2025-04-03: Scheduled for public hearing on . . . (Senate)
- 2025-03-17: Referred to Business & Commerce (Senate)
- 2025-03-17: Read first time (Senate)
- 2025-03-05: Filed (Senate)
- 2025-03-05: Received by the Secretary of the Senate (Senate)

## Bill text

- Engrossed: [HTML](http://capitol.texas.gov/tlodocs/89R/billtext/html/SB01963E.HTM), [PDF](http://capitol.texas.gov/tlodocs/89R/billtext/pdf/SB01963E.PDF)
- Enrolled: [HTML](http://capitol.texas.gov/tlodocs/89R/billtext/html/SB01963F.HTM), [PDF](http://capitol.texas.gov/tlodocs/89R/billtext/pdf/SB01963F.PDF)
- House Committee Report: [HTML](http://capitol.texas.gov/tlodocs/89R/billtext/html/SB01963H.HTM), [PDF](http://capitol.texas.gov/tlodocs/89R/billtext/pdf/SB01963H.PDF)
- Introduced: [HTML](http://capitol.texas.gov/tlodocs/89R/billtext/html/SB01963I.HTM), [PDF](http://capitol.texas.gov/tlodocs/89R/billtext/pdf/SB01963I.PDF)
- Senate Committee Report: [HTML](http://capitol.texas.gov/tlodocs/89R/billtext/html/SB01963S.HTM), [PDF](http://capitol.texas.gov/tlodocs/89R/billtext/pdf/SB01963S.PDF)

## Related bills

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- SB 646: Relating to repayment of certain mental health professional education loans. (signed)
- HB 4325: Relating to civil liability for prohibited barratry. (became law)

## Sources
- [Engrossed (HTML)](http://capitol.texas.gov/tlodocs/89R/billtext/html/SB01963E.HTM)
- [Engrossed (PDF)](http://capitol.texas.gov/tlodocs/89R/billtext/pdf/SB01963E.PDF)
- [Enrolled (HTML)](http://capitol.texas.gov/tlodocs/89R/billtext/html/SB01963F.HTM)
- [Enrolled (PDF)](http://capitol.texas.gov/tlodocs/89R/billtext/pdf/SB01963F.PDF)
- [House Committee Report (HTML)](http://capitol.texas.gov/tlodocs/89R/billtext/html/SB01963H.HTM)
- [House Committee Report (PDF)](http://capitol.texas.gov/tlodocs/89R/billtext/pdf/SB01963H.PDF)
- [Introduced (HTML)](http://capitol.texas.gov/tlodocs/89R/billtext/html/SB01963I.HTM)
- [Introduced (PDF)](http://capitol.texas.gov/tlodocs/89R/billtext/pdf/SB01963I.PDF)
- [Senate Committee Report (HTML)](http://capitol.texas.gov/tlodocs/89R/billtext/html/SB01963S.HTM)
- [Senate Committee Report (PDF)](http://capitol.texas.gov/tlodocs/89R/billtext/pdf/SB01963S.PDF)

## Related
- [SB 2111: Relating to legal representation of indigent persons in this state and to proce…](https://policyrisk.com/state-bill/TX-SB2111-89R)
- [SB 1838: Relating to the appointment of attorneys ad litem and the compensation of certa…](https://policyrisk.com/state-bill/TX-SB1838-89R)
- [SB 3: Relating to the regulation of products derived from hemp, including consumable…](https://policyrisk.com/state-bill/TX-SB3-89R)
- [SB 2878: Relating to the operation and administration of and practices and procedures re…](https://policyrisk.com/state-bill/TX-SB2878-89R)
- [SB 646: Relating to repayment of certain mental health professional education loans.](https://policyrisk.com/state-bill/TX-SB646-89R)
- [HB 4325: Relating to civil liability for prohibited barratry.](https://policyrisk.com/state-bill/TX-HB4325-89R)
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Source: PRIA, https://policyrisk.com/state-bill/TX-SB1963-89R (as of 2026-10-19).